NonprofitsThe Mainstay Foundation

Public & Societal Benefit

The Mainstay Foundation

DEARBORN, MI

Total revenue

$1.0M

Total expenses

$934K

Net assets

$398K

Grants received

$19K

9 grants

EIN

464286586

Tax year

2024

Mission

To advance the muslim communities, organizations, and individuals in the united states of america by developing their intellectual, spiritual, social, and financial aspects, utilizing the most advanced methodologies and technologies.

Programs

2 programs

The focus of the human development initiative was threefold: providing educational content to our community through classes and religious programming, capacity building through workshops and retreats, and publications. With classes and religious programming presenters from the foundation's speaker's bureau delivered educational content through programs conducted in partnership with other religious organizations and centers. In terms of capacity building, the foundation's focus was on the religious, personal, and professional development of its served community, with a special focus on university students. The foundation also published translated and original works for a wide audience.

Expenses: $369KGrants: $5K

Our economic development and humanitarian aid programs help provide clean water, food, medical aid, clothing, housing, educational support, and more. Whether it is digging wells in africa or providing uniforms and books in india, we have partnered with local and international organizations around the world to uplift as many communities as we can and help alleviate the suffering from the impoverished and worldwide.

Expenses: $231KGrants: $225K

Financials

FY 2024

Revenue

Contributions & grants$681K
Program service revenue$338K
Investment income$40
Other revenue
Total revenue$1.0M

Expenses

Grants paid$290K
Salaries & benefits$111K
Fundraising$4K
Other expenses$533K
Total expenses$934K
Total assets$414K
Net assets$398K

People

4 listed

NameRoleCompensation

MOHAMED ALI BANOON

SECRETARY

Board

2 hrs/wk

KHODR HAMKA

PRESIDENT

Board

2 hrs/wk

JALAL MOUGHANIA

TREASURER

Board

2 hrs/wk

ABATHAR TAJALDEEN

DIRECTOR

Board

2 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$11K
GENERAL SUPPORT
2024
CHARITABLE
2023
CHARITABLE
2022
$5K
CHARITABLE
2021
$1K
CHARITABLE
2020
CHARITABLE
2020
CHARITABLE
2019
$500
CHARITABLE
2018

Funded by

$19K from 5 funders · 9 grants · 2018–2024

Paypal Charitable Giving Fund

$11K · 1 grant · 2024

My Legacy Foundation

$5K · 1 grant · 2021

The Amity Foundation

$2K · 1 grant · 2024

The Abidi Foundation Inc

$1K · 1 grant · 2020

Sadr Foundation

$500 · 5 grants · 2018–2023

Details

EIN464286586
NTEE codeW99
Subsection03
Ruling date2014-07
Formed2012
Employees7
Volunteers25
THE MAINSTAY FOUNDATION — Mission, Financials & Grants Received | Grantivo